8 things SAMA’s latest report reveals about a changing Saudi Arabia

RIYADH: The Saudi Central Bank’s August bulletin offers a snapshot of how people across the Kingdom are buying homes, shopping, transferring money and saving. Here are some of the key findings Mortgage contracts jump 23 percent as average financing falls Banks issued 9,807 new residential mortgage contracts in August, while total financing remained almost unchanged at SR5.87 billion ($1.5 billion). The average contract value consequently fell 18.8 percent to about SR598,000 as the Kingdom works